The project is in Lumut, Perak on 4.98 acres of leasehold 99 years. It is a mixed developement with 2 floor of retail shops, 2 blocks of 580 nos of serviced residence and 1 block of hotel, 21th storey.
Status:- Development order obtained. 2 floor of retail shops will be firmed by latest Apr14, 1 block of serviced residence had been booked and soft launch is planned on Apr14, hotel will be management by well know international operator.
We are looking for investor for the amount of RM130M for 4 years to complete the entire project.
We have obtained the land title leasehold of 99 years (effect Dec 2012), please find the project cash flow during construction till operating business.
The project is a mixed development commercial building consists of
1. 2 floor retail shops, 96 nos – lease agreement firmed up end of Apr14
2. 3 floors of car park
3. 2 floors of facilities, hotel lobby, banquet hall
4. 2 blocks- 14 floor of serviced resident, 580 nos. – 1 block of serviced apartment booked (280 nos)
5. 1 block – 14 floor of hotel, 238 rooms. – managed by well-known international hotel operator.
* Complete project paper available